The S&P Global U.S. Composite PMI index came in at 51.7 in April's final reading, vs. 52.0 recorded in the preliminary reading and 50.3 in March, according to data released on Tuesday. Services PMI was 51.0, compared to 51.3 in the flash reading and 49.8 in March. More on U.S. Economy Factory orders rebound in March from February's anemic gain ISM Manufacturing PMI flatlines in April, missing cons...
The S&P Global U.S. Composite PMI index came in at 51.7 in April's final reading, vs. 52.0 recorded in the preliminary reading and 50.3 in March, according to data released on Tuesday. Services PMI was 51.0, compared to 51.3 in the flash reading and 49.8 in March. More on U.S. Economy Factory orders rebound in March from February's anemic gain ISM Manufacturing PMI flatlines in April, missing consensus
Blackstone Mortgage Trust ( BXMT ) on Tuesday said it has launched a private offering of $450M in senior secured notes due 2031, with proceeds earmarked for general corporate purposes, including repayment of existing debt. Source: Press release More on Blackstone Mortgage Trust Blackstone Mortgage Trust, Inc. (BXMT) Q1 2026 Earnings Call Transcript Blackstone Mortgage Trust, Inc. 2026 Q1 - Results...
Blackstone Mortgage Trust ( BXMT ) on Tuesday said it has launched a private offering of $450M in senior secured notes due 2031, with proceeds earmarked for general corporate purposes, including repayment of existing debt. Source: Press release More on Blackstone Mortgage Trust Blackstone Mortgage Trust, Inc. (BXMT) Q1 2026 Earnings Call Transcript Blackstone Mortgage Trust, Inc. 2026 Q1 - Results - Earnings Call Presentation Blackstone Mortgage Trust: Portfolio Shift, Growth, Cheap (Rating Upgrade) Blackstone Mortgage Trust outlines over $1B Q2 pipeline while targeting net lease at 10% of portfolio over time Blackstone Mortgage Trust Q1 2026 Earnings Preview
Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the Strait of Hormuz forced it to reduce oil exports and spending on projects to diversify the economy continued to rise. The kingdom posted a budget shortfall of 125.7 billion riyals ($33.5 billion), according to the finance ministry. That compares with a deficit of 95 billion riyals in th...
Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the Strait of Hormuz forced it to reduce oil exports and spending on projects to diversify the economy continued to rise. The kingdom posted a budget shortfall of 125.7 billion riyals ($33.5 billion), according to the finance ministry. That compares with a deficit of 95 billion riyals in the last three months of 2025 and was more than double the figure from a year earlier. Oil revenue dipped around 3% year-on-year for the first quarter, while expenditure rose roughly 20% to the equivalent of $103 billion. The figures are a fresh signal of some of the pressures the Middle East’s largest economy is facing from the US-Israeli war on Iran, which is now in its third month and in a fragile ceasefire. Saudi Economic Growth Slows as Iran War Hits Oil Exports JPMorgan to Add Saudi Riyal Bonds to Key EM Index Next Year Saudi Arabia Set for Oil Windfall After Hormuz Boosts Prices Gross domestic product expanded 2.8% year-on-year in the first quarter, the slowest pace since mid-2024. The strait is still shut to almost all commercial traffic. Still, Saudi Arabia has managed to divert the bulk of its oil exports to the Red Sea port of Yanbu. If prices remain elevated — Brent is up more than 80% this year to around $111 a barrel — and export levels are maintained, the government may even be able to post a smaller shortfall for the full year than was predicted before the war, according to some economists. Saudi Arabia is earning roughly 10% more in oil revenue today than before the conflict thanks to the higher prices and ability to bypass Hormuz for most of its exports, Goldman Sachs Group Ltd. estimates. Saudi Arabia has been running budget deficits since late 2022, prompting it to increase borrowing from international bond markets and also use alternative means of financing, including private markets. The kingdom’s National Debt Management Center announced on Tuesday the ...
hapabapa Amazon ( AMZN ) announced on Tuesday that it is adding same-day delivery of fresh, perishable groceries for business customers in more than 2,300 U.S. cities and towns. The initiative will let them order items like dairy, produce, baked goods, and frozen foods alongside standard office and breakroom supplies in a single cart. The company says the move addresses a top customer request and ...
hapabapa Amazon ( AMZN ) announced on Tuesday that it is adding same-day delivery of fresh, perishable groceries for business customers in more than 2,300 U.S. cities and towns. The initiative will let them order items like dairy, produce, baked goods, and frozen foods alongside standard office and breakroom supplies in a single cart. The company says the move addresses a top customer request and is meant to simplify ordering for workplaces such as offices, schools, gyms, and salons that regularly buy fresh food for employees, clients, and guests. The new offering through the Amazon Business platform is designed to make buying for business operations more convenient and faster, with deliveries arriving within hours in eligible areas. Amazon's ( AMZN ) business-to-business shopping platform was built for organizations rather than individual consumers. It lets companies, schools, governments, healthcare organizations, and other buyers purchase supplies through a familiar Amazon-style interface, with features like multi-user accounts, approval controls, analytics, and business-only pricing on eligible items. Amazon ( AMZN ) noted that Business Prime members get free same-day delivery on grocery orders over $25 in most areas, and it plans to keep expanding the service to more locations through 2026. Shares of AMZN opened with a 1.9% gain on Tuesday. More on Amazon Amazon's $364B AI Time Bomb Which Will Double First: Amazon Or Oracle? Watch This Kentucky Derby To Find Out Amazon's Q1: The Massive CapEx Is Finally Paying Off What's next in freight transportation after Amazon's 'watershed' moment? AWS enters 'new era' for defense contractors as it expands cloud capabilities for sector
During the first quarter, ClearBridge Canadian Small-Cap Strategy underperformed the benchmark S&P/TSX Small-Cap Index. The strategy in its quarterly commentary stated that results were positive on an absolute basis, with the portfolio generating positive returns in six of the 10 sectors in which it was invested. The largest contributors to absolute performance were energy and materials, while IT ...
During the first quarter, ClearBridge Canadian Small-Cap Strategy underperformed the benchmark S&P/TSX Small-Cap Index. The strategy in its quarterly commentary stated that results were positive on an absolute basis, with the portfolio generating positive returns in six of the 10 sectors in which it was invested. The largest contributors to absolute performance were energy and materials, while IT detracted the most. According to its fund letter, the fund added North West Company ( NNWWF ) and exited Empire in consumer staples. The fund said it was actively trimming energy positions that had outperformed, including Parex Resources ( PARXF ), Headwater Exploration ( CDDRF ), and Enerflex ( EFXT ), while adding a new position in Paramount Resources. In the information technology sector, the fund eliminated Sylogist ( SYZLF ) and rotated its proceeds into Lumine ( LMGIF ) and Kinaxis ( KXSCF ) and added to Descartes ( DSGX ). In materials, in addition to initiating a new position in Skeena Resources ( SKE ), the fund added to Major Drilling ( MJDLF ) and trimmed positions in Methanex ( MEOH ) and Winpak ( WIPKF ). Source: Q1 fund letter More on The North West Company, Skeena Resources Limited, etc. The Descartes Systems Group Inc. (DSG:CA) Discusses AI-Driven Transformation of Last Mile Delivery and Fleet Performance Optimization Transcript Descartes Systems buys Idelic for $28M Flat gold prices YTD mask big moves in mining stocks